Exhibit 99.1

FOR IMMEDIATE RELEASE	Investor Relations Contacts
	Carol Schumacher 479-277-1498
Media Relations Contact	Mike Beckstead 479-277-9558
John Simley 800-331-0085
	Pre-recorded Conference Call
	800-778-6902 (U.S. and Canada)
	585-219-6420 (All other countries)

Walmart Second Quarter Earnings Exceed Consensus Estimates

BENTONVILLE, Ark., Aug. 13, 2009 – Wal-Mart Stores, Inc. (NYSE: WMT) today reported diluted earnings per share from continuing operations for the second quarter of fiscal year 2010 of $0.88, at the top of the company’s guidance of $0.83 to $0.88. The effect of currency exchange rates reduced earnings by approximately $0.04 per share. Walmart earned $0.86 per share from continuing operations in the second quarter last year.

Net sales for the second quarter were $100.082 billion, a decrease of 1.4 percent from $101.546 billion in the second quarter last year. Without the negative impact of currency exchange rates equal to $4.199 billion, net sales for the quarter increased 2.7 percent to approximately $104.281 billion on a constant currency basis (which assumes currency exchange rates remained the same as the prior year). Income from continuing operations increased to $3.449 billion from $3.401 billion in the same period last year.

“Our earnings exceeded consensus estimates and were at the top of our guidance,” said Mike Duke, Walmart president and chief executive officer. “We are pleased with the performance of our operations around the world. We believe that our comparable store sales continued to outperform the retail sector almost everywhere we do business.

“In a sales environment more difficult than we expected, we managed our operations in a disciplined manner. Our U.S. segments delivered strong inventory performance, which contributed to the company’s healthy increase in year-over-year earnings,” Duke said. “We are accelerating our focus on reducing our expenses.

“Customers around the world are forced to do more with less and they rely on Walmart to help them save money,” Duke added. “The improvements in our stores are attracting new customers and keeping the loyalty of the millions who shop with us. We are confident about Walmart’s long-term future and ability to build on its leadership position.”

Net Sales

Net sales were as follows (dollars in billions):

	Three Months Ended July 31,						Six Months Ended July 31,
	2009		2008		Percent Change		2009		2008		Percent Change
Net Sales:
Walmart U.S.	$	64.209	$	63.989	0.3	%	$	125.453	$	122.980	2.0	%
International		23.965		25.257	-5.1	%		45.228		49.184	-8.0	%
Sam’s Club		11.908		12.300	-3.2	%		22.872		23.424	-2.4	%
Total Company	$	100.082	$	101.546	-1.4	%	$	193.553	$	195.588	-1.0	%

Reported International sales for the three months ended July 31, 2009 were reduced by the effect of currency exchange rates equal to approximately $4.199 billion. On a constant currency basis, International sales increased 11.5 percent to $28.164 billion in the second quarter, compared to the same quarter last year.

Segment Operating Income

Segment operating income, which is defined as operating income for each operating segment, was as follows (dollars in billions):

	Three Months Ended July 31,						Six Months Ended July 31,
	2009		2008		Percent Change		2009		2008		Percent Change
Segment Operating Income:
Walmart U.S.	$	4.901	$	4.667	5.0	%	$	9.365	$	8.987	4.2	%
International		1.143		1.218	-6.2	%		2.023		2.268	-10.8	%
Sam’s Club		0.419		0.441	-5.0	%		0.812		0.834	-2.6	%

Reported International operating income for the three months ended July 31, 2009 was reduced by $237 million as a result of the effect of currency exchange rates. On a constant currency basis, International operating income increased 13.3 percent to $1.380 billion in the second quarter, compared to the second quarter last year.

Comparable Store Sales

The company reports U.S. comparable store sales in this earnings release based on its 13-week retail calendar, ending July 31, as follows:

	Without Fuel				With Fuel				Fuel Impact
	Thirteen Weeks Ended				Thirteen Weeks Ended				Thirteen Weeks Ended
	07/31/09		08/01/08		07/31/09		08/01/08		07/31/09		08/01/08
Walmart U.S.	-1.5	%	4.4	%	-1.5	%	4.4	%	0.0	%	0.0	%
Sam’s Club	0.6	%	4.1	%	-4.3	%	7.6	%	-4.9	%	3.5	%
Total U.S.	-1.2	%	4.3	%	-1.9	%	4.9	%	-0.7	%	0.6	%

	Without Fuel				With Fuel				Fuel Impact
	Twenty-Six Weeks Ended				Twenty-Six Weeks Ended				Twenty-Six Weeks Ended
	07/31/09		08/01/08		07/31/09		08/01/08		07/31/09		08/01/08
Walmart U.S.	1.0	%	3.2	%	1.0	%	3.2	%	0.0	%	0.0	%
Sam’s Club	2.3	%	3.5	%	-2.5	%	6.6	%	-4.8	%	3.1	%
Total U.S.	1.2	%	3.2	%	0.4	%	3.7	%	-0.8	%	0.5	%

Data in the condensed consolidated financial statements included in this news release are based on the calendar quarters ending July 31.

Guidance

“Our performance this quarter has been good, despite headwinds from price deflation, the effects of the recession and currency exchange rates,” said Tom Schoewe, Walmart executive vice president and chief financial officer. “We’re proud that Walmart reported a year-over-year increase in earnings this quarter.

“In addition, we generated approximately $4.2 billion in free cash flow during the first half of the year,” Schoewe added. “Walmart remains strong financially, with a solid balance sheet, great access to capital markets and a

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double-A rating. Plus, we are one of the few Dow 30 companies so far to report a year-over-year earnings increase this quarter.”

A reconciliation of free cash flow (a non-GAAP measure) is attached at the end of this release.

“Based on our view of the economy and our continued focus on managing expenses and productivity, we are updating our guidance for earnings per share from continuing operations this year to a range of $3.50 to $3.60, from $3.45 to $3.60,” Schoewe added. “We expect earnings per share from continuing operations for the third quarter of fiscal year 2010 to be between $0.78 and $0.82, including a three-cent negative impact from currency exchange rates.”

Walmart U.S. expects comparable store sales during the 13-week period from Saturday, Aug. 1 through Friday, Oct. 30 to be between flat and two percent. Sam’s Club expects comparable club sales during the same period to be flat, plus or minus one percent. The company will report these operating segments’ comparable store sales result and the total U.S. aggregate comparable store sales result for that period when it reports third quarter earnings on Nov. 12.

Notes

Effective Feb. 1, 2009, the company adopted Statement of Financial Accounting Standards No. 160, “Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB 51.” This standard requires modifications to financial statement presentation for minority interests in subsidiaries, now referred to as noncontrolling interests. These changes are reflected in Walmart’s second quarter condensed consolidated financial statements included in this release. As a result, all references to income from continuing operations or earnings per share from continuing operations in this release refer to income from continuing operations attributable to Walmart, or diluted income per share from continuing operations attributable to Walmart, respectively.

In addition to these changes, beginning Feb. 1, 2009, the company changed the classification of certain revenue and expense items within the financial statements. These changes are reflected in the second quarter condensed consolidated statements of income for all periods presented and did not have an impact on the company’s consolidated operating or net income.

After this earnings release has been furnished to the SEC, a pre-recorded call offering additional comments on the quarter will be available to all investors. Callers may listen to this call by dialing 800-778-6902, or 585-219-6420 outside the U.S. and Canada. Information included in this release, including reconciliations, and the pre-recorded phone call is available in the investor information area on the company’s Web site at www.walmartstores.com/investors.

Wal-Mart Stores, Inc. (NYSE: WMT) serves customers and members more than 200 million times per week at more than 8,000 retail units under 53 different banners in 15 countries. With fiscal year 2009 sales of $401 billion, Walmart employs more than 2.1 million associates worldwide. A leader in sustainability, corporate philanthropy and employment opportunity, Walmart ranked first among retailers in Fortune Magazine’s 2009 Most Admired Companies survey. Additional information about Walmart can be found by visiting www.walmartstores.com. Online merchandise sales are available at www.walmart.com and www.samsclub.com.

This release contains statements as to Walmart management’s forecasts of the company’s earnings per share for the fiscal year to end January 31, 2010 and the fiscal quarter to end October 31, 2009 and the comparable store sales of each of the Walmart U.S. and Sam’s Club segments of the company for the 13-week period from August 1 through October 30, 2009, that the company believes are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements are intended to enjoy the protection of the safe harbor for forward-looking statements provided by that act. These statements can be identified by the use of the word or phrase “guidance” or “expect,” in the statements. These forward-looking statements are subject to risks, uncertainties and other factors, domestically and internationally, including general

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economic conditions, the cost of goods, competitive pressures, geopolitical events and conditions, levels of unemployment, levels of consumer disposable income, changes in laws and regulations, consumer credit availability, inflation, deflation, consumer spending patterns and debt levels, currency exchange rate fluctuations, trade restrictions, changes in tariff and freight rates, changes in the costs of gasoline, diesel fuel, other energy, transportation, utilities, labor and health care, accident costs, casualty and other insurance costs, interest rate fluctuations, financial and capital market conditions, developments in litigation to which the company is a party, weather conditions, damage to the company’s facilities from natural disasters, regulatory matters and other risks. The company discusses certain of these factors more fully in its additional filings with the SEC, including its last annual report on Form 10-K filed with the SEC, and this release should be read in conjunction with that annual report on Form 10-K, together with all of the company’s other filings, including current reports on Form 8-K, made with the SEC through the date of this release. The company urges you to consider all of these risks, uncertainties and other factors carefully in evaluating the forward-looking statements contained in this release. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this release. The forward-looking statements made in this release are made only as of the date of this release, and the company undertakes no obligation to update them to reflect subsequent events or circumstances.

# # #

Ed. Note: Wal-Mart Stores, Inc. is the legal trade name of the corporation. The name “Walmart,” expressed as one word and without punctuation, is a trademark of the company and is used analogously to describe the company and its stores. Use the trade name when it is necessary to identify the legal entity, such as when reporting financial results, litigation or corporate governance.

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Wal-Mart Stores, Inc.

Condensed Consolidated Statements of Income

(Unaudited)

SUBJECT TO RECLASSIFICATION

	Three Months Ended July 31,						Six Months Ended July 31,
(Amounts in millions except per share data)	2009			2008			2009			2008
Revenues:
Net sales	$	100,082		$	101,546		$	193,553		$	195,588
Membership and other income		828			796			1,599			1,694
		100,910			102,342			195,152			197,282
Costs and expenses:
Cost of sales		75,153			77,118			145,541			148,490
Operating, selling, general and administrative expenses		19,875			19,411			38,512			37,662
Operating income		5,882			5,813			11,099			11,130
Interest:
Debt		447			450			895			938
Capital leases		68			77			138			149
Interest income		(42	)		(71	)		(93	)		(135	)
Interest, net		473			456			940			952
Income from continuing operations before income taxes		5,409			5,357			10,159			10,178
Provision for income taxes		1,853			1,826			3,456			3,496
Income from continuing operations		3,556			3,531			6,703			6,682
(Loss) income from discontinued operations, net of tax		(7	)		48			(15	)		41
Consolidated net income		3,549			3,579			6,688			6,723
Less consolidated net income attributable to noncontrolling interest		(107	)		(130	)		(224	)		(252	)
Consolidated net income attributable to Walmart	$	3,442		$	3,449		$	6,464		$	6,471
Income from continuing operations attributable to Walmart:
Income from continuing operations	$	3,556		$	3,531		$	6,703		$	6,682
Less consolidated net income attributable to noncontrolling interest		(107	)		(130	)		(224	)		(252	)
Income from continuing operations attributable to Walmart	$	3,449		$	3,401		$	6,479		$	6,430
Basic net income per common share:
Basic income per share from continuing operations attributable to Walmart	$	0.89		$	0.86		$	1.66		$	1.63
Basic (loss) income per share from discontinued operations attributable to Walmart		(0.01	)		0.01			—			0.01
Basic net income per share attributable to Walmart	$	0.88		$	0.87		$	1.66		$	1.64
Diluted net income per common share:
Diluted income per share from continuing operations attributable to Walmart	$	0.88		$	0.86		$	1.65		$	1.62
Diluted income per share from discontinued operations attributable to Walmart		—			0.01			—			0.01
Diluted net income per share attributable to Walmart	$	0.88		$	0.87		$	1.65		$	1.63
Weighted-average number of common shares:
Basic		3,891			3,945			3,905			3,951
Diluted		3,900			3,958			3,915			3,962
Dividends declared per common share	$	—		$	—		$	1.09		$	0.95

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Wal-Mart Stores, Inc.

Condensed Consolidated Balance Sheets

(Unaudited)

(Amounts in millions)

SUBJECT TO RECLASSIFICATION

	July 31,						January 31,
	2009			2008			2009
ASSETS
Current assets:
Cash and cash equivalents	$	7,997		$	6,903		$	7,275
Receivables		3,684			3,221			3,905
Inventories		33,861			35,365			34,511
Prepaid expenses and other		3,336			3,311			3,063
Current assets of discontinued operations		147			974			195
Total current assets		49,025			49,774			48,949
Property and equipment, at cost:
Property and equipment, at cost		133,070			126,289			125,820
Less accumulated depreciation		(35,707	)		(31,335	)		(32,964	)
Property and equipment, net		97,363			94,954			92,856
Property under capital lease:
Property under capital lease		5,583			5,740			5,341
Less accumulated amortization		(2,759	)		(2,645	)		(2,544	)
Property under capital lease, net		2,824			3,095			2,797
Goodwill		16,149			16,400			15,260
Other assets and deferred charges		3,581			2,672			3,567
Total assets	$	168,942		$	166,895		$	163,429
LIABILITIES AND EQUITY
Current liabilities:
Commercial paper	$	1,122		$	4,347		$	1,506
Accounts payable		28,797			29,912			28,849
Dividends payable		2,073			1,927			—
Accrued liabilities		16,706			15,607			18,112
Accrued income taxes		1,162			555			677
Long-term debt due within one year		6,959			2,180			5,848
Obligations under capital leases due within one year		336			324			315
Current liabilities of discontinued operations		41			77			83
Total current liabilities		57,196			54,929			55,390
Long-term debt		33,579			34,168			31,349
Long-term obligations under capital leases		3,246			3,544			3,200
Deferred income taxes and other		5,773			5,386			6,014
Redeemable noncontrolling interest		326			—			397
Commitments and contingencies
Equity:
Common stock and capital in excess of par value		4,173			3,986			4,313
Retained earnings		63,153			57,883			63,660
Accumulated other comprehensive (loss) income		(318	)		4,924			(2,688	)
Total Walmart shareholders’ equity		67,008			66,793			65,285
Noncontrolling interest		1,814			2,075			1,794
Total equity		68,822			68,868			67,079
Total liabilities and equity	$	168,942		$	166,895		$	163,429

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Wal-Mart Stores, Inc.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

(Amounts in millions)

SUBJECT TO RECLASSIFICATION

	Six Months Ended July 31,
	2009			2008
Cash flows from operating activities:
Consolidated net income	$	6,688		$	6,723
Loss (gain) from discontinued operations, net of tax		15			(41	)
Income from continuing operations		6,703			6,682
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:
Depreciation and amortization		3,457			3,366
Other		(246	)		219
Changes in certain assets and liabilities, net of effects of acquisitions:
Decrease in accounts receivable		575			578
Decrease in inventories		1,394			95
Decrease in accounts payable		(1,131	)		(150	)
Decrease in accrued liabilities		(857	)		(626	)
Net cash provided by operating activities		9,895			10,164
Cash flows from investing activities:
Payments for property and equipment		(5,744	)		(5,074	)
Proceeds from disposal of property and equipment		172			492
Investment in international operations, net of cash acquired		—			(74	)
Other investing activities		(176	)		129
Net cash used in investing activities		(5,748	)		(4,527	)
Cash flows from financing activities:
Decrease in commercial paper, net		(654	)		(639	)
Proceeds from issuance of long-term debt		2,956			4,648
Payment of long-term debt		(95	)		(4,061	)
Dividends paid		(2,129	)		(1,878	)
Purchase of Company stock		(2,792	)		(2,184	)
Purchase of redeemable noncontrolling interest		(456	)		—
Other financing activities		(264	)		(266	)
Net cash used in financing activities		(3,434	)		(4,380	)
Effect of exchange rates on cash		9			115
Net increase in cash and cash equivalents		722			1,372
Cash and cash equivalents at beginning of year (1)		7,275			5,569
Cash and cash equivalents at end of period (2)	$	7,997		$	6,941

(1) Includes cash and cash equivalents of discontinued operations of $77 million at January 31, 2008.

(2) Includes cash and cash equivalents of discontinued operations of $38 million at July 31, 2008.

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Free Cash Flow

We define free cash flow as net cash provided by operating activities in a period minus payments for property and equipment made in that period. We generated positive free cash flow of $4.2 billion and $5.1 billion for the six months ended July 31, 2009 and 2008, respectively.

Free cash flow is considered a non-GAAP financial measure under the SEC’s rules. Management believes, however, that free cash flow is an important financial measure for use in evaluating the Company’s financial performance, which measures our ability to generate additional cash from our business operations. Free cash flow should be considered in addition to, rather than as a substitute for, income from continuing operations as a measure of our performance and net cash provided by operating activities as a measure of our liquidity.

Additionally, our definition of free cash flow is limited, in that it does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations or payments made for business acquisitions. Therefore, we believe it is important to view free cash flow as a measure that provides supplemental information to our entire statement of cash flows.

Although other companies report their free cash flow, numerous methods may exist for calculating a company’s free cash flow. As a result, the method used by our management to calculate free cash flow may differ from the methods other companies use to calculate their free cash flow. We urge you to understand the methods used by another company to calculate its free cash flow before comparing our free cash flow to that of such other company.

The following table reconciles net cash provided by operating activities, a GAAP measure, to free cash flow, a non-GAAP measure.

	Six Months Ended
(Amounts in millions)	July 31, 2009			July 31, 2008
Net cash provided by operating activities	$	9,895		$	10,164
Payments for property and equipment		(5,744	)		(5,074	)
Free cash flow	$	4,151		$	5,090
Net cash used in investing activities	$	(5,748	)	$	(4,527	)
Net cash used in financing activities	$	(3,434	)	$	(4,380	)

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